Answered step by step
Verified Expert Solution
Question
1 Approved Answer
One-Sample Test Test Value = 560 t df Significance Mean Difference 95% Confidence Interval of the Difference One-Sided p Two-Sided p Lower Upper Salary ($)
One-Sample Test Test Value = 560 t df Significance Mean Difference 95% Confidence Interval of the Difference One-Sided p Two-Sided p Lower Upper Salary ($) -1.112 1990 .133 .266 -7.26516 -20.0740 5.5436 You saw a report on CNBC that the average salary and total compensation (as reported to the SEC) of executives at S&P Midcap companies are $560K and $3400K (i.e., $3.4M) respectively. The p value for the salary hypothesis test is ___ (round to 2 decimal places)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started